Bayer CropScience in the context of List of largest biomedical companies by revenue


Bayer CropScience in the context of List of largest biomedical companies by revenue

⭐ Core Definition: Bayer CropScience

Bayer AG (English: /ˈb.ər/, commonly pronounced /ˈbər/; German: [ˈbaɪɐ] ) is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceuticals, consumer healthcare products, agricultural chemicals, seeds and biotechnology products. The company is a component of the EURO STOXX 50 stock market index.

Bayer was founded in 1863 in Barmen as a partnership between dye salesman Friedrich Bayer (1825–1880) and dyer Johann Friedrich Weskott (1821–1876). The company was established as a dyestuffs producer, but the versatility of aniline chemistry led Bayer to expand its business into other areas. In 1899, Bayer launched the compound acetylsalicylic acid under the trademarked name Aspirin. Aspirin is on the World Health Organization's List of Essential Medicines. In 2021, it was the 34th most commonly prescribed medication in the United States, with more than 17 million prescriptions.

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Bayer CropScience in the context of Nematicide

A nematicide is a type of chemical pesticide used to kill plant-parasitic nematodes. Nematicides have tended to be broad-spectrum toxicants possessing high volatility or other properties promoting migration through the soil. Aldicarb (Temik), a carbamate insecticide marketed by Bayer CropScience, is an example of a commonly used commercial nematicide. It is important in potato production, where it has been used for control of soil-borne nematodes. Aldicarb is a cholinesterase inhibitor, which prevents the breakdown of acetylcholine in the synapse. In case of severe poisoning, the victim dies of respiratory failure. It is no longer authorised for use in the EU and, in August 2010, Bayer CropScience announced that it planned to discontinue aldicarb by 2014. Human health safety and environmental concerns have resulted in the widespread deregistration of several other agronomically important nematicides. Prior to 1985, the persistent halocarbon DBCP was a widely used nematicide and soil fumigant. However, it was banned from use after being linked to sterility among male workers; the Dow Chemical company was subsequently found liable for more than $600 million in damages.

Several natural nematicides are known. An environmentally benign garlic-derived polysulfide product is approved for use in the European Union (under Annex 1 of 91/414) and the UK as a nematicide. Another common natural nematicide is obtained from neem cake, the residue obtained after cold-pressing the fruit and kernels of the neem tree. Known by several names in the world, the tree was first cultivated in India in ancient times and is now widely distributed throughout the world. The root exudate of marigold (Tagetes) is also found to have nematicidal action. Nematophagous fungi, a type of carnivorous fungi, can be useful in controlling nematodes, Paecilomyces being one example.

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Bayer CropScience in the context of CropLife International

CropLife International is an international trade association of agrochemical companies founded in 2001. It was previously known as Global Crop Protection Federation and started out as International Group of National Associations of Manufacturers of Agrochemical Products in 1967. Its members include the world's largest agricultural biotechnology and agricultural pesticide businesses namely BASF, Bayer CropScience, Corteva, FMC Corp., Sumitomo Chemical and Syngenta. The international body combines several national-level or continent-wide organisations, each one having the same goals but differing according to local language and custom.

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